How Students Can Build Good Credit Rating
Join 1000's of Authors at StreetArticles Today!

The most important part of shedding the persona of a student and becoming an adult is being financially independent. But because of some strict changes in bank policies, becoming financially independent is not that easy. The most important element or hurdle standing in your way is credit rating. A good credit rating can help you in many areas of adult life. So, you need to remember the following tips to make sure that you have a good credit rating as a student:

Getting the Right Credit Card:

It’s a fact that you can’t survive student life without a credit card to lean on. If you have proof of income, you can apply for a credit card. But don’t just get any old credit card. Do some research and look into the fine print. Select a card that has low interest, no annual fee and carries benefits you can use. Try to get a card on your own, without having a co-signer. This way you have all the responsibility of handling your finances.

Use the Credit Card for Small Stuff:

When you have your credit card, don’t use it to make all your purchases. Keep using cash or a debit card to make most of your transactions. But don’t ignore the credit card altogether, use it to buy some small items occasionally. Making on-time credit card payments will help you build your good credit rating. And if you only buy small inexpensive things with the credit card, you can easily pay the bills at the end of the month.

Pay the Bills on time:

Pay the credit card and all other bills with your name on it on time; this is also very important for building good credit. This includes your rent, library fees, internet fees etc. Basically, any payments that are due and have your name should be paid before the deadline expires.

Co-sign, no Thank you:

Never co-sign a credit card application. It means that you become responsible and part of someone else’s credit rating. If they make a mistake, your credit rating takes a dip.

A good credit rating can also have an impact on whether you get a job or not. So, basically your whole future after college depends on your credit rating. Keep the credit card tips mentioned above in mind. And if you need any more credit card advice, you can visit the Credit Card Solution website.

Company Introduction:

Credit Card Solution is the ultimate resource for finding free and legitimate help related to finance. The organization is an initiative of financial experts who wish to help people become more self-sufficient and responsible when it comes to handling financial issues, such as debt and credit. Visitors to the site can find useful tips and sound professional advice on all types of financial problems. The site also shares expert reviews on credit cards and other financial products.


Street Talk

No comments present
You May Also Like
Insane Interest Free Periods
I firmly believe the credit card firms should be held accountable to some degree for consumers Now, in theory, these are fantastic, IF you are disciplined enough to use it ONLY for that duration. Nowadays we are seeing up to 40 months interest free options, that's more than 3 years!…
By: Dave Page in  Finance  >  Credit   May 28, 2016  
0
  Likes: 0

Benefit Of Getting Easy Personal Loan In Singapore
In the past years, it may be difficult to take out a loan from a bank. But now, it is easy to get cash help from the money lenders. If you are faced with personal financial situation, it is important to find a good lender. The benefits of getting easy…
By: creditexcel1 in  Finance  >  Credit   Apr 18, 2016  
0
  Likes: 0

Seamless Chex: Your Fastest Way To Accept Check Payments Online
Do you want to have your check processed in a shorter period but can’t find any bank to do it for you? Worry no more because here comes Seamless Chex that provides a faster way of check payment processing. In as quickly as 60 seconds or less, you can already…
By: Ryan Steyn in  Finance  >  Credit   Apr 15, 2016  
0
  Likes: 0

Credit Repair to Get the Clean Chit for the Credits And Loans
When we plan to make the make the payment using someone else’s money is in simply terms a credit. Whenever a person applies for a loan or mortgage or even a credit card, it is the fact that they getting the borrowed money from someone who has deposited the money…
By: Smith Davidson in  Finance  >  Credit   Apr 02, 2016  
0
  Likes: 0

Born2invest As A Storytelling App
There’s something classy about the Born2Invest app. It’s neat, simple, and professional. Unlike any of its competitors, it is deprived of useless web elements typically found in a content curation app. “It is very undemanding and navigable,” said one tech journalist during the app’s official launch in Manila last July.…
By: Arturo Garcia in  Finance  >  Credit   Mar 11, 2016  
0
  Likes: 0

Find Out About Zone Voucher LTD
People have an increased interest in electronic money, because it has become more valuable than ever and although more and larger retail shops have accepted payment with e-wallet, buying coins and money of all kind is not an easy job. This is where Zone voucher LTD comes in discussion, offering…
By: Sheraton Veranda in  Finance  >  Credit   Feb 19, 2016  
0
  Likes: 0

Why Corporatecashcreditcom Is So Focused on the 80 Paydex Score
Like many others, you might be wondering why Corporate Cash Credit places so much emphasis on helping clients achieve an 80 Paydex score. Well, unless you are business owners you probably don’t know why an 80 Paydex is so important. Corporate credit is different than personal credit, but businesses must…
By: Cristia in  Finance  >  Credit   Jan 21, 2016  
0
  Likes: 0

Trans union credit reporting for redress
Trans union credit reporting agency was founded in 1968. In the year 2009, Trans union credit reporting agency could boast of maintaining credit histories of about 500 million consumers in the world over. This information is in line with what's on their web site. No doubt, credit histories can help…
By: Mad Marketer in  Finance  >  Credit   Dec 24, 2010  
0
  Likes: 0

Your Credit Cards And Allowing Your Teenagers Access to Them
You carry your credit card around with you for making payments. It is a better option than carrying large sums of money when you go shopping and dining. At times when you are so preoccupied with your work, you may have to send your teenagers to do your shopping for…
By: harold harry in  Finance  >  Credit   Apr 23, 2013  
0
  Likes: 0

Improving Your Credit-simple Steps to Repairing Credit And Improving Your Credit Cores
We all strive to maintain a good credit history and no one sets out to have bad credit. However, circumstances in our lives may leave with no other alternative.  It could be as a result of illness, death in the family, loss of employment, injury, or whatever the case you…
By: Paul Matos in  Finance  >  Credit   Mar 07, 2011  
0
  Likes: 0

Questions to Ask Your Bank to Find the Best Credit Card for Your Lifestyle
If you are looking for the best credit card for your lifestyle, it’s rather difficult making a choice as there are hundreds of cards available in the market. These cards come with varying combinations of fees, benefits and interest rates. It’s thus better to ask the different banks for this…
By: maddoxpaul in  Finance  >  Credit   Apr 22, 2013  
0
  Likes: 0

The Safety Of Buying Online
With its speed and convenience, making payments online through payment gateways has become an increasingly popular method of taking care of our day to day purchases and payments. There are those who are hesitant to take this step, having been scared off by worries about identity theft and the general…
By: Natalia7 in  Finance  >  Credit   May 02, 2014  
0
  Likes: 0

Are Credit Monitoring Services For Me?
Consumers who seek ways to improve credit scores may be offered a vast amount of products and services as they search online. These services may allow them to obtain their credit report, their credit scores, assist them in finding ways to improve credit scores and also help them keep regular…
By: Ron Estel in  Finance  >  Credit   Nov 11, 2011  
0
  Likes: 1

Online Payday Loans – To Get Cash for Instant Monetary Support
You need to borrow money for that urgency. So, the borrowed funds are required to be up to you at a certain time. Rather than making personal visits to a lending institution, it would be good whenever the application for the loan is created online. Payday loans online is carved…
By: katherinenewman in  Finance  >  Credit   Jul 01, 2015  
0
  Likes: 0

Repairing Bad Credit History - Do It Yourself
Hello, I’m going to get right to the point here, “you need credit help”. How do I know this? Because you have searched for ways increase your credit score. So with that out of the way let’s see what we can come up with in repairing bad credit history. What…
By: Dave Swanson in  Finance  >  Credit   Mar 04, 2014  
0
  Likes: 0

Article Views: 947    Report this Article